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HomeMy WebLinkAbout0381.094" \ ~ sta'f.eport __ l_1 __ August 4, 1994 ~fember.s of Counci 1; On June 20. 1994, the CO\\ncil approved the City's Fiscal Year. 1994- 95 Budget. Based on the Fiscal Year 1994-95 appropriations and the County's population change, and Per capita Income change factors received from the State, the appropriations limitation compliance calcula.tion (Gann calculation) has been finalized. The calculation is sho~n in Attachment A. Dackgrourul Article 138 of the State constitution (Proposition 4) limits the anmlal appropriations for State and local goverr.ments. population and Per Capita Income change factors, which are used to adjust the City's annual appropriation limit, are received from the State after the City's budget has been submitted to Council. The appropriations limitation calculation approved by council .em .rune 2'0 was an estimate. only. Attached is the final appropriations limitation calculation based on appropriations approved on June 20 and on change factors received from the State. The City'S Fiscal Year 1994-95 appropriations are $9.0 million under the limitation. staff recommends that Council adopt the resolution determining the attached Appropriations Limitation calculat.ion for Fiscal Year 1994-95, CMR:381:94 I ..• · L , /' Respectfully submitted, ~ttachnont A: Appropriations Limitation COlilpliance 1994-1995 CKR:JBl:94 2 -,~-,.,;.~--.. -.:.. .. -._,--.... -.... _- RBSOl.lJ'rION NO. ilESOLU'I'XON 0[0' THE COUNCIL OF ,'iiUCrTY 01' PALO l\l/l'O DETSRl'IUlWG THB CALCULATION OF THE APPROPRIATIONS ),IMIT OF TII& CI'lY OF PAW Aim) FOR PISCAI, YEAR 1991-95 WHBRBAS, under Art icle XIIIB of tllo Const itution of the State of California, the City of 1'310 Alto ('City') may not appropriate .. any proceeds of taXeG in excess of its appropriations limit (·Li~it·), and WHBR8AS, since 1990-91, the City is pel~itted to annually adjust its L.\mit in accordance with inflation and population adjustment factorsj find WHF-:RSAS, p\lrsuant to Goverw.ent Code Section 37200, the estirn.'ltcd calculiltion of the Limit was !let forth ill the annual budget of the City for fiscal real-199<1" 95, ~'hich was adopted by ordinallce of the Council on Jlllle 20, 1994; and WHER8J\S, purouant to GOV(HfUi",€'nt Code Sect ion 9710. th~ final calculation of the l.inl.it has been detennined, and the adjustment factol's on which the calculotion is b..1.Gsd al'e a +.71 percent change ill California; Per Capita InCOffte and a +1.6 percent change in the populat.ion 91·0·~·th of the CQunty o( Santa Clat'ai and hl-JERRAS, the do.c::uf'i":eotaciotl used in the deter.nination of the rJimit haR been made aval1~ble to the general public for fifteen (15) days prior to Ute date of :: Joe adopti.on of this resolution; and WHEREAS, ilcco:tding to the final calculation, tli.(: City's appropriatioll'S subject_ to 1 imitation is approximately $9 million le.B than the Limit; NOW, 'fHBRBFORt:~ the: Counci 1 of' the City Of Pollo Alto does RBSOLVSa$ follows: mL<;TI;Q1Ll.. The Coullcil of the City of Palo Alto herebj' finds that~ for fisc.:?l year 1994-95, the final calculation of the Appropriations Lifnit of, the City (.If Palo Alto has been detfl'rmined in accordance ''With the adjustment factors referred to above, the documentation used in the determination of tile calculation has been made available to the general public [or the period or fifteen days as required by law, and the City's appropriations subject to limitation has not exceeded the Limit by approximately $9 million. ,$.E~" The Council hereby adopts the final calculation of the Appropriations Limit of the City for fiscal year 1994·95. a copy_ of which is att.ached he-reto as. ~Attachment IV'. 1 9$1.)719,.,,11 0)10614 \ I I , .. SECTIQL.).. The Council finds that the adoption of thiR resolution does not. constitute a project under the Cal i (ornia Environmental Quality Act, and, therefot'e. no (mvironmental assessment is necessary. INTRODUCBD AND PASSED,. AYllS: NOES: ABSENT: ABSTFNTIONS: ATTBs'r: APPROVED: APPROVED AS TO FORM: 2 9-4011 IIlyn 007().S.!4 ; I I I AHACHMWT A APPROPRIATIONS LIMITATION COMPLl~NCE 1994.1995 (S In Mmions) Total Budgeted ApproprIations 1994·9S less: Oebt Setvice Tranuctions Capital Outla)' N<ln·Proceeos orTaxes Apptopriations from RescfV~S CombIned Funds 77W 1.10 4.43 29.37 0.60 General Fund 66.81 26.12 0.21 Capll.1 ProJocts 4.17 2.97 0.3<) Cebt Sllrvlc~ 2.42 1.10 1.32 Special RevtnlHI 4.57 0.14 3.25 0.00 ._---_.--.---~.-.-.-.--.. ----.. -.. --.- Net Approprialions Subject to l imft 19~95 Limit Under Llmtt By Compulation 0' ~propriation Limit: 1993 >{)4 Apptopriations limit Santa Ck'lra County Popu lation Change Per Capftl rncome Change 42.47 51.46 8.99 50,293,433 1.60 0.71 (1.0071) x (UIO + l00.00)ltOO x $60,293.433 = $51,460,925 '" 40.46 0.90 0.00 -. Population Change and Per Capita Income (aclors provided by S'a!e Oepa rtment or Finance' (5I2J9.4) . \ 1.09 /' I , , ! ,;,'